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Trading Made Simple(r)

  • #6,921
  • Sep 9, 2021 2:46am Sep 9, 2021 2:46am
EJ Trade. First TP hit. Stop being Trailed
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  • #6,922
  • Edited 4:12am Sep 9, 2021 3:33am | Edited 4:12am
Quoting ellokko007
{quote} look at the difference (right use tv ha directly). When use ha directly from tv, If the indicator isn't programmed for use real price, it's will used the ha price, even in last price line. Hope it helps--- {image}
hi, thanks for the tip! I was aware of the difference in the calculation values and was relying on switching to japanese candles to get the correct values in the lower window, I didn’t know about the indicator to put HA candles on the main chart and still use the Standard candles for the calculations, thanks a lot I’ll be changing my charts now!

Paul

EDIT - Ellokko007, would you mind sharing the lower window indicators you have used? Your lines seem to still be different to mine after changing my candles.
  • #6,923
  • Sep 9, 2021 11:13am Sep 9, 2021 11:13am
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  • #6,924
  • Sep 9, 2021 11:33am Sep 9, 2021 11:33am
Quoting ChrisCoffee
EJ Trade. First TP hit. Stop being Trailed {image}
Nice.!
  • #6,925
  • Sep 9, 2021 1:57pm Sep 9, 2021 1:57pm
Quoting trade1969
{quote} 40294194029420{image}{image}
Hi RobinHood, thanks for the thread - I can see lots of potential with this method and slight variations to suit a traders personal style etc. Thanks for sharing it.

Trade1969 - your results are impressive. I have read a lot of the thread (I can't say I've read 300 pages, but I believe I 'get it') however just some questions on your entry/exit methods for your test results if I may:

  1. Were these both crossover and continuation trades as per trade rules in post 1? Or did you decide just to focus on continuation?

    1. Is your entry 1 bar or 2 bars after the signal? On the signal or anything other deviation?

  2. If you included crossover trades, do you check higher TF for entry being aligned? If so, what TF and did you confirm trend simply as a current buy/sell according to the rules?
  3. Is your stop loss always 1.5 ATR and TP levels according to 1ATR, 1ATR, 3ATR as per a previous post of yours? I see you have a trailing stop, just interested if you had any other exit rules.

Finally, have either of you done any wider tests on other pairs and other timescales other than what has been posted? If so, are the results always the same or have you noticed some deviations in terms of certain pairs not behaving as desired etc.

Thank you both for your time

  • #6,926
  • Edited 6:40pm Sep 9, 2021 5:53pm | Edited 6:40pm
Quoting nmuscles
{quote} Hi RobinHood, thanks for the thread - I can see lots of potential with this method and slight variations to suit a traders personal style etc. Thanks for sharing it. Trade1969 - your results are impressive. I have read a lot of the thread (I can't say I've read 300 pages, but I believe I 'get it') however just some questions on your entry/exit methods for your test results if I may: Were these both crossover and continuation trades as per trade rules in post 1? Or did you decide just to focus on continuation? Is your entry 1 bar or 2 bars...
You are welcome and thanks for posting.

I have not done any back-testing because I don't use a strict set of concrete rules to trade which is what is required if you are trading a "system".

I now only trade Daily charts due to my lack of desire to trade any time frame lower than that.

Some pairs definitely don't perform nearly as well as some others. Some pairs tend to trend a bit better than others, and some pairs tend to chop a bit more than others, and sometimes pairs change how they move over time.

And, one last thing...

I never blindly enter a trade anymore when I get a signal. If it's a Long trade, I go in when the market goes above the high of the bar that I got the signal on. Short trades are just the opposite.

Look over a chart and you will see how often it happens that the next bar never goes above the high of the bar that you got the signal on, on Long trades. And vice-versa for Short trades.
Always a Student, Never a Master - Emulate What Works
  • #6,927
  • Edited 2:17am Sep 10, 2021 2:02am | Edited 2:17am
"............. And, one last thing...

I never blindly enter a trade anymore when I get a signal. If it's a Long trade, I go in when the market goes above the high of the bar that I got the signal on. Short trades are just the opposite.........."

thanks for your answers RH..
in practice, on a D1 or H4 and you have a BUY input signal (up arrow) you wait for the bar after the signal to close above yesterday's close, correct? and if this happens at the third or fourth bar?
  • #6,928
  • Edited 5:11am Sep 10, 2021 4:54am | Edited 5:11am
Quoting Eod
"............. And, one last thing... I never blindly enter a trade anymore when I get a signal. If it's a Long trade, I go in when the market goes above the high of the bar that I got the signal on. Short trades are just the opposite.........." thanks for your answers RH.. in practice, on a D1 or H4 and you have a BUY input signal (up arrow) you wait for the bar after the signal to close above yesterday's close, correct? and if this happens at the third or fourth bar?
"you wait for the bar after the signal to close above yesterday's close, correct?"

Yes

"and if this happens at the third or fourth bar?"

If it's the 3rd or 4th bar (or more) I enter whenever a bar goes above the high of the most previous bar.
Always a Student, Never a Master - Emulate What Works
  • #6,929
  • Sep 10, 2021 8:29am Sep 10, 2021 8:29am
Thanks RH. I have read all the 3d and I understand a lot of things. But in my opinion, the tool that (in addition to those of the TPL1 on the page 1) completes the TS is just this. A real treasure map, if you can really read it.
This is only my impression....
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  • #6,930
  • Sep 10, 2021 9:50am Sep 10, 2021 9:50am
Quoting trade1969
{quote} {image}{image}Sorry , I'm not a computer geek
1. Are these tests purely mechanical? You're only taking entries based on the indicators, and not taking in account time/sessions, spread, news, or PA?
2. Is TP based on indicators or ATR? Because I see a lot of TP below 5pips.
  • #6,931
  • Sep 10, 2021 2:34pm Sep 10, 2021 2:34pm
Quoting RobinHood
{quote} "you wait for the bar after the signal to close above yesterday's close, correct?" Yes "and if this happens at the third or fourth bar?" If it's the 3rd or 4th bar (or more) I enter whenever a bar goes above the high of the most previous bar.
If you had wanted to take this trade, would it be on the bar I highlighted?
And SL would be 2 bars before the entry OR the signal bar?
Thank you!
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  • #6,932
  • Sep 10, 2021 2:40pm Sep 10, 2021 2:40pm
Quoting oohoo
{quote} If you had wanted to take this trade, would it be on the bar I highlighted? And SL would be 2 bars before the entry OR the signal bar? Thank you! {image}
interesting question. which tf is it?
  • #6,933
  • Sep 10, 2021 2:43pm Sep 10, 2021 2:43pm
Quoting Eod
Thanks RH. I have read all the 3d and I understand a lot of things. But in my opinion, the tool that (in addition to those of the TPL1 on the page 1) completes the TS is just this. A real treasure map, if you can really read it. This is only my impression.... {image}
Any details on the tool? Thank you.
  • #6,934
  • Sep 10, 2021 2:44pm Sep 10, 2021 2:44pm
Quoting Eod
{quote} interesting question. which tf is it?
It's 1h, but it doesn't matter. I just want to make sure I got RH's entry logic right.
  • #6,935
  • Sep 10, 2021 3:17pm Sep 10, 2021 3:17pm
Quoting oohoo
{quote} If you had wanted to take this trade, would it be on the bar I highlighted? And SL would be 2 bars before the entry OR the signal bar? Thank you! {image}
I would have entered on the 3rd bar after the signal bar because it's the first time that a bar takes out the high of the immediate previous bar (after the signal bar).'

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Always a Student, Never a Master - Emulate What Works
  • #6,936
  • Sep 11, 2021 12:12am Sep 11, 2021 12:12am
thank you!
  • #6,937
  • Sep 12, 2021 1:26pm Sep 12, 2021 1:26pm
Hi everyone, thanks a lot for the method RobinHood, and BigE may he rest in peace (coming from his thread).

Trying to reproduce the indicator on MT5, i'm really close, from what i see i only lack the lines to turn grey/colored, so it's kind of a mess to read.

I believe i'll have to code it myself, i would have to know the conditions to the color changing, and learn how to modify MQL5 indicators, unless it's already been done? I've found the HMA for MT5 in this thread but nothing more.

Question regarding the method: Do you trust signals coming from friday before market close and soon in market open on sunday? And do you let you trades run on week end?

Thanks a lot !
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  • #6,938
  • Sep 12, 2021 1:59pm Sep 12, 2021 1:59pm
Robinhood, hope your well. I wondered if you had any strong feelings on taking trades later in the day on fridays and sundays before the market opens on monday?

Paul.
  • #6,939
  • Sep 12, 2021 4:29pm Sep 12, 2021 4:29pm
Quoting oohoo
{quote} Any details on the tool? Thank you.
sorry for the delay in responding. the dashboard if yellow indicates sell if blue buy. the more tf have the same color, the more there is directional force. that's all. however, I also always look at the graph with the RH indi. and the close of the candle following that of the signal.
  • #6,940
  • Sep 12, 2021 4:31pm Sep 12, 2021 4:31pm
For example now, 23:31 in Italy

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